Describe Management Control System in strategic planningSolu

Describe Management Control System in strategic planning.

Solution

Strategic planning is nothing but the process by which the organization define its strategy and allocate its resources appropriately to proceed with the strategy. Strategic planning is done based on the following:-

Management control system (MCS) is nothing but the system or tool that take into consideration the information to evaluate the performance of the organization with respect to its objectives. So different organizational resources like human, physical, etc. are influenced which result in the implementation of the organizational strategies.

Strategic planning is one of the element of management control system. MCS align the resources effectively so that objectives can be met. So, management control influence the organizational resources which help the organization to implement the strategies.